TD Waterhouse Discount Brokerage brings low flat rate pricing to more clients

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TORONTO, Oct. 19 /CNW/ - TD Waterhouse Discount Brokerage, a division of TD Waterhouse Canada Inc., and Canada's largest* discount broker, today announced that as of November 4, 2010, it will extend its low flat rate pricing to even more clients.

Clients who hold between $50,000 and $100,000 in household(+) assets invested through TD Waterhouse Discount Brokerage, and who are registered for eServices, will also pay a flat fee commission rate of $9.99 per Canadian or U.S. equity trade when placing trades through its online or automated telephone electronic brokerage services. Canadian and U.S. option trades will be subject to that same flat rate plus $1.25 per contract.

"TD Waterhouse Discount Brokerage provides clients the tools and support they need to make real-time, informed investment decisions with confidence," says John See, President TD Waterhouse Discount Brokerage. "Reduced flat rate pricing for more clients, combined with a choice of specialized trading platforms, access to the best market and investment research tools and unparalleled service, reinforces what we believe is the strongest offering in the Canadian marketplace."

This pricing update is the latest in a series of enhancements made by TD Waterhouse Discount Brokerage, including the recent launch of its Global Trading platform and its new Mutual Funds and ETF resource centres found within their Markets and Research site.

"Listening to what's important to our clients and continuously enhancing what we offer to meet their needs has helped us maintain our standing as Canada's number one discount brokerage," adds See.

eServices is a free service that gives clients instant and secure online access to their monthly statements, trade confirmations and tax documents. eServices also archives these important account documents for up to seven years, reducing the need for paper.

All other TD Waterhouse Discount Brokerage rates remain unchanged.

About TD Waterhouse Discount Brokerage

In addition to offering competitive commission rates, TD Waterhouse Discount Brokerage provides self-directed investors with more investment research than any other discount brokerage in Canada, a choice of specialized trading platforms, including direct online access to exchanges in 10 countries through TD Waterhouse Global Trading. Clients also have access to free educational seminars through the largest network of Canadian Investor Centres. Clients also have 24/7 access to dedicated Investment Representatives providing service in English, French, Cantonese, and Mandarin. Information about eServices can be found at http://www.tdwaterhouse.ca/eservices.

For more information about TD Waterhouse Discount Brokerage, or to open an account, please visit www.tdwaterhouse.ca/discountbrokerage, or your local TD Waterhouse Investor Centre or any TD Canada Trust bank branch. TD Waterhouse Discount Brokerage is a division of TD Waterhouse Canada Inc. TD Waterhouse Canada Inc. - Member of the Canadian Investor Protection Fund.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group (TDBFG or the Bank). TDBFG is the sixth largest bank in North America by branches and serves more than 18 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TDBFG also ranks among the world's leading online financial services firms, with more than 6 million online customers. TDBFG had $603 billion in assets on July 31, 2010. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

* TD Waterhouse Discount Brokerage is Canada's largest discount broker by assets under administration and trade volume.

(+) Household accounts are defined as those TD Waterhouse Discount Brokerage accounts for clients living in the same household, with the same address. You must advise TD Waterhouse Discount Brokerage of these multiple account relationships.

For further information: Carolyn Abbass, Steve Presant, Paradigm Public Relations, [phone], [email protected], [email protected]; For more information, contact: Toni-Lynn Raponi, TD Bank Financial Group, 416-308-8596, [email protected]